Many drivers in Sinking Spring don’t put much effort into shopping for their car insurance policy, and this can be a costly mistake. With a little bit of time and effort, you can find the coverage you need at a price that’s far less than what you’re currently paying. Below are some costly mistakes you could be making when you purchase your car insurance in Sinking Spring pa.
Not Shopping Around
Insurance coverage for your car can vary by hundreds of dollars depending on who you purchase it from. Spend some time researching rates before you settle on an insurer. Although many drivers opt to buy their coverage directly from a major insurer, small independent insurance companies can sometimes offer very competitive rates. For example, Richard I Hart Insurance offers great deals that are often far less costly than most major competitors.
Setting a Low Deductible
Many drivers make the mistake of setting a too-low deductible, and this can be a costly error if you’re a safe driver. According to experts, raising your deductible by $500 can save you up to 25% on your annual insurance costs. Just be sure to keep the extra money in savings in case of an emergency.
Not Combining Insurance Needs
Most people have multiple insurance needs. Car, home and life insurance are usually must-haves for most individuals. If you’re purchasing these insurance policies from different companies, you could be wasting your money. Usually, buying all of your coverage from the same insurer will add up to serious savings over the course of the year. According to experts, bundling your insurance packages can save you around 10% annually.
Failing to Ask About Discounts
In the competitive world of insurance, driver discounts are becoming more and more common. But if you don’t ask about available discounts, you could be missing out on some serious savings. Many insurers offer discounts for infrequent drivers, stay-at-home parents and college students who maintain good grades. You could also snag a significant discount if you’re a senior citizen, new parent or a safe driver. It only takes a few minutes to ask, and the cost savings are usually very worthwhile.
car insurance in Sinking Spring pa is a necessary expense, but there are ways to make it more affordable. Try using the tips above, and talk to your insurance agent for even more ways to reduce your costs.
